The Bankruptcy Abuse Prevention and Consumer Protection Act allows the bankruptcy court to disallow a petition for a Chapter 7 bankruptcy if the individual filing for bankruptcy earns an income that is __________________to meet the standards of the means test.

Question

Quizplus · Accepted Answer

The means test compares an individual filing for bankruptcy's income with the median income for their state. If the individual's income is above the median income, the court may disallow the Chapter 7 bankruptcy petition. Therefore, the income must be considered "too high" to meet the means test standards.

The Bankruptcy Abuse Prevention and Consumer Protection Act Allows the Bankruptcy